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Sold! A bargain-basement deal at $19.5 million

Bill Koch, of the legendary Koch business and political family, has purchased a 26-acre compound on Oyster Harbor island in Osterville on the Cape.

The seller was Rachel ‘Bunny’ Mellon (yes, of that other legendary family). She originally wanted $28.7 million for the compound, but had to come down to $19.5 million, for a nearly 33 percent cut in the asking price.

This is how the BBJ describes the compound: “The property at 17 Indian Trail includes nearly 1,000 feet of shoreline, a main house measured at about 7,000 square feet, a beach house, a detached studio, a tennis court and greenhouses, according to a website put up by the realtor, Sotheby’s International. The website called it “one of the most significant parcels on the entire East Coast.”

File under: Pure unadulterated envy